Reserve Bank research has found its cuts in official interest rates drove up house prices, and cautions that long-term falls could in the worst case escalate into an American-sized drop in Australia's property market.
They found that a one percentage point cut in interest rates lifted house prices by 8 per cent in the two years after the move.few years can be explained by the fall in interest rates," they found. The research found that increasing population growth will have some effect on the overall property market, largely by reducing rental vacancies, which in turn lifts rents and encourages more construction.
Here we go with the propaganda scapegoating a spent force & partial subsidiary player to the main game and current force of the mass immigration ponzi population scheme. Nice try but you aren't fooling anyone. Lowe is covering his arse but this time he is right, its population.
Glad we pay these geniuses the big bucks to work out what's going on.
RBA Those morons at the ,the smartest men in the room should have increased rates five years ago, we where having 3% or more yearly growth. Now we are going into recession, and they do not know what to do and dont think they will save us, they are idiots
So how is this news?
Well of course!! The RBA governor is lying when he says “it’s all due to supply shortage not interest rates” 🙄. Why the lies? To justify more interest rate cuts to please his rich investor friends.
Am surprised the RBA did not factor negative gearing benefits along with the low cost of mortgages, and the extent to which a rise in investment properties places upward pressure on property prices.
Obvious
Well gee ya dont say
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Source: SkyNewsAust - 🏆 7. / 78 Read more »